Capella Education Company (CPLA) Hits 52-week Low

Shares of Capella Education Company (NASDAQ:CPLA) slumped 14% to $58.05, but well  off day's 52-week low of $51.65 made in the opening session. This morning the company provided a lower than estimates forecast for the rest of the current year, citing a strict regulatory environment takes its toll on new students signing up for courses at for-profit colleges. The company said it sees its student enrollment to grow by 16-17% and revenue is expected to grow 20-22 percent for the current quarter. BMO Capital Markets analyst Jeff Silber said Capella’s implied fourth-quarter earnings outlook is for $1.07-$1.13 a share, according to his calculations, below a current consensus for $1.18. Capella blamed an increasingly challenging external market environment for the slowing growth, but did not mention any impact from the proposed regulations. Capella Education Company is an online postsecondary education services company. Through its wholly owned subsidiary, Capella University, the Company offers a variety of doctoral, master's and bachelor's programs. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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